Irvine, CA, January 24, 2015 – CATA Chamber held the first in its series of new IRS enforcement initiatives and current amnesty on January 24th, 2015, at Irvine Civic Center, Orange County.
The event featured a presentation by the certified specialist in taxation Neal N. Chilingirian. Chilingirian moved to Los Angeles with his parents at an early age. He studied economics and business at UCLA and received his J.D. from UC Hastings College of the Law and then an MA degree in business taxation from USC. He is among the 400 lawyers certified as tax specialist by the California State Bar.
Kicking of the event was the reception, which allowed the participants to network with the local professionals and Turkish investors alike who came all the way seeking investment opportunities in the US.
In his presentation, Chilingirian addressed specifically the following questions on foreign bank accounts:
-Did you know that penalties for not reporting your foreign bank accounts might amount to three times the amount you have in your bank? Are taxpayers really going prison for not reporting foreign bank accounts?
-What happens if you did not report your Turkish or Swiss Bank Account(s) to the U.S.? What are your options now?
He further discussed the investment issue around the questions, “What is the best structure to invest in U.S. real estate?” and “What steps should one take before immigrating to the U.S. in order to minimize income and estate taxes?”
Having enlightened the audience on above questions and many more, Chilingiriyan received a traditional handicraft piece from CATA Chamber in gratitude for his presentation.
The second seminar under the same title in the series by CATA Chamber is scheduled to Feb 28th, in San Diego.